
<table style="text-align:center"><caption><strong>Table B2: Women’s Initial Access to FM: Alternative Starting Time</strong></caption>
<tr><td colspan="4" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left"></td><td colspan="3">Hazard Rate (> 0 means shorter duration)</td></tr>
<tr><td></td><td colspan="3" style="border-bottom: 1px solid black"></td></tr>
<tr><td style="text-align:left"></td><td>(1)</td><td>(2)</td><td>(3)</td></tr>
<tr><td colspan="4" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left">Banking Crisis</td><td>1.130<sup>**</sup></td><td>1.078<sup>**</sup></td><td>1.057<sup>**</sup></td></tr>
<tr><td style="text-align:left"></td><td>(0.448)</td><td>(0.427)</td><td>(0.443)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Women in Parliament</td><td>0.051<sup>***</sup></td><td>0.050<sup>***</sup></td><td>0.050<sup>***</sup></td></tr>
<tr><td style="text-align:left"></td><td>(0.013)</td><td>(0.013)</td><td>(0.012)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Woman Head of Government</td><td>0.625</td><td>0.676</td><td>0.645</td></tr>
<tr><td style="text-align:left"></td><td>(0.554)</td><td>(0.553)</td><td>(0.549)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Presidential</td><td>0.288</td><td>0.385</td><td>0.383</td></tr>
<tr><td style="text-align:left"></td><td>(0.301)</td><td>(0.296)</td><td>(0.290)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Democracy Score</td><td>0.888<sup>***</sup></td><td>0.914<sup>***</sup></td><td>0.879<sup>***</sup></td></tr>
<tr><td style="text-align:left"></td><td>(0.245)</td><td>(0.244)</td><td>(0.239)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Unified Government</td><td>-0.054</td><td>-0.053</td><td>-0.080</td></tr>
<tr><td style="text-align:left"></td><td>(0.294)</td><td>(0.303)</td><td>(0.300)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Economic Growth</td><td>0.044<sup>**</sup></td><td>0.055<sup>**</sup></td><td>0.048<sup>**</sup></td></tr>
<tr><td style="text-align:left"></td><td>(0.022)</td><td>(0.024)</td><td>(0.023)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Inflation</td><td>-0.020</td><td>-0.028</td><td>-0.046</td></tr>
<tr><td style="text-align:left"></td><td>(0.104)</td><td>(0.103)</td><td>(0.113)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">GDP per Capita</td><td>-0.374<sup>**</sup></td><td>-0.391<sup>**</sup></td><td>-0.403<sup>**</sup></td></tr>
<tr><td style="text-align:left"></td><td>(0.183)</td><td>(0.181)</td><td>(0.189)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Trade Openness</td><td>0.001</td><td>0.0002</td><td>-0.0004</td></tr>
<tr><td style="text-align:left"></td><td>(0.003)</td><td>(0.003)</td><td>(0.003)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td style="text-align:left">Capital Openness</td><td>-0.098</td><td>-0.071</td><td>-0.050</td></tr>
<tr><td style="text-align:left"></td><td>(0.147)</td><td>(0.142)</td><td>(0.142)</td></tr>
<tr><td style="text-align:left"></td><td></td><td></td><td></td></tr>
<tr><td colspan="4" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left">Observations</td><td>53,805</td><td>53,805</td><td>53,805</td></tr>
<tr><td style="text-align:left">Log Likelihood</td><td>-222.850</td><td>-216.574</td><td>-199.407</td></tr>
<tr><td style="text-align:left">Akaike Inf. Crit.</td><td>467.699</td><td>455.147</td><td>420.813</td></tr>
<tr><td colspan="4" style="border-bottom: 1px solid black"></td></tr><tr><td style="text-align:left"><em>Note:</em></td><td colspan="3" style="text-align:right"><sup>*</sup>p<0.1; <sup>**</sup>p<0.05; <sup>***</sup>p<0.01</td></tr>
</table>
